Hibernia
Networks, a provider of global capacity services, announced today
that it completed a $52.5 million debt refinancing. The proceeds of the
refinancing were used to pay off existing indebtedness and will provide
incremental liquidity for growth and for working capital. The new lender
group includes funds managed by affiliates of Fortress Investment Group
LLC and Bridge Bank.

“With this transaction, Hibernia has reduced its cost of capital
considerably – a reflection of the successful execution of our business
plan,” stated Lloyd Jarkow, CFO of Hibernia. “Hibernia is focused on
continued growth and we are excited about the strategic value of our new
lender relationships.”

Fortress Investment Group LLC (NYSE: FIG) is a leading, highly
diversified global investment firm with over $50 billion in assets under
management. Fortress manages assets on behalf of over 1,400
institutional clients and private investors worldwide across a range of
investment strategies including private equity, credit, liquid hedge
funds and traditional fixed income.

Bridge Bank, National Association (NASDAQ: BBNK) is a full-service
professional business bank dedicated to meeting the financial needs of
small, middle market, and emerging technology businesses. Bridge Bank
provides its clients with a comprehensive package of business banking
solutions delivered through experienced, professional bankers. With a
growing nationwide web of offices and a correspondent banking network
that stretches worldwide, Bridge Bank’s Technology Banking Division
serves venture-backed and non-venture-backed companies from inception
through IPO, and companies focused on renewable energy projects. For
additional information, visit www.bridgebank.com.

Bank Street Group served as exclusive financial advisor and sole
placement agent in connection with the refinancing.